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UK house price growth tops 600% since 1995

Brighton, Bristol and Reading are leading the way for property price rises over the last 22 years, new research shows. The research, conducted on behalf of London estate agents Keatons, ranked 40 of the UK’s biggest cities in order of house price increases since 1995.

Prices in Inner London have increased the most (645%), with Brighton & Hove hot on the capital’s heels with a 627% rise since 1995. Average values in this seaside city currently top £350,000. Bristol ranks third with a price leap of 478% - from an average of around £45,000 to more than £250,000 today. Outer London ranks in fourth place (475% rise), closely followed by commuter towns Reading and Luton.

Towns with reliable transport links into the capital continue to be highly sought after, with Reading and Luton among the largest areas from which workers commute into London. Prices in Reading have rocketed since the announcement of the Elizabeth line - due to open in 2019 - offering another route to London’s Paddington and Liverpool Street.

The average value of a property in the Berkshire town is around £300,000, compared to £420,000 in the outer boroughs of the capital. The average Inner London property costs over £583,000 - 2.7 times the national average of £218,908.

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